Brokerages Set NEXT plc (LON:NXT) PT at £140.54

Shares of NEXT plc (LON:NXT) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is £140.54.

NXT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NEXT in a research note on Wednesday, January 7th. Peel Hunt reissued a “hold” rating and set a £130 price objective on shares of NEXT in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group restated a “hold” rating and set a £140 price objective on shares of NEXT in a report on Wednesday, January 7th.

NEXT Trading Down 0.2%

LON:NXT opened at £127.50 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.07 and a debt-to-equity ratio of 117.05. NEXT has a 1-year low of GBX 9,545.20 and a 1-year high of £146.40. The firm has a market capitalization of £14.76 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 5.66 and a beta of 1.13. The business’s 50-day moving average price is £133.73 and its two-hundred day moving average price is £132.17.

Key Headlines Impacting NEXT

Here are the key news stories impacting NEXT this week:

• Neutral Sentiment: Announcements for WWE NXT’s Stand & Deliver event, including a new tag-team tournament and other storyline teases. NXT Stand & Deliver Updates
• Neutral Sentiment: Lineup update for a Houston NXT show that includes a Booker T appreciation segment and a steel-cage title match. Booker T Appreciation Night, steel cage title match
• Neutral Sentiment: Major steel-cage title match announced for WWE NXT television—event detail and promotion. Major Steel Cage Title Match Announced
• Neutral Sentiment: Talent storyline: Tony D’Angelo says he’s entering “Phase 2” of his NXT return after a Vengeance Day win—character/push development. Tony D’Angelo Announces ‘Phase 2’
• Neutral Sentiment: Duplicate coverage: Tony D’Angelo “phase 2” storyline reported by MSN—same talent storyline. Tony D’Angelo announces ‘phase 2’
• Neutral Sentiment: Preview/teaser: NXT is booking a major card for its Houston trip next week—card-building and promotional items. NXT books a major card for its trip to Houston
• Neutral Sentiment: Event lineup summary for Houston episode: Booker T appreciation, steel-cage title match and additional segments. NXT Houston Lineup
• Neutral Sentiment: Human-interest item: an NXT performer speaks out against online bullying—media/PR coverage for the wrestling brand. NXT star speaks out against online bullying
• Neutral Sentiment: Column: analysis of the Stand & Deliver card following the Vengeance Day event—opinion/columnary coverage. Figuring out the Stand & Deliver card

About NEXT

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.

NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East. The company’s main divisions are NEXT Online, NEXT Retail and NEXT Finance. We also launched Total Platform, an online, distribution, tech and logistics solution, in 2020.